About the position
The Financial Crime Risk Management (FCRM) Compliance Manager at Priceline.com is a pivotal role responsible for overseeing and managing the company's FCRM Program. This position is crucial in ensuring that Priceline adheres to all relevant Sanctions, Export Controls, and Anti-Money Laundering (AML) policies and requirements. The role is designed to maintain a robust internal control environment related to financial crime risk management, ensuring compliance with both internal and external regulations. The FCRM Compliance Manager will serve as the primary point of contact for all FCRM-related inquiries and will collaborate closely with various teams, including the BHI FCRM Operations team, to implement necessary controls and processes. In this role, the manager will be tasked with designing and implementing jurisdiction-specific controls, conducting gap analyses to identify areas for improvement, and embedding BHI's FCRM minimum standards into Priceline's operations. The manager will also be responsible for maintaining a central repository of FCRM documentation, providing training to internal stakeholders, and advising on various sanctions and FCRM regulations. This position requires a deep understanding of Priceline's business model and the ability to translate FCRM requirements into actionable business objectives. The FCRM Compliance Manager will proactively identify and manage existing and emerging FCRM risks across different business verticals, ensuring that the company remains compliant and minimizes risk exposure. The role is set to start in January 2025 and offers a hybrid work model, allowing for two days in the office and flexibility for remote work on other days. The ideal candidate will possess strong communication and stakeholder management skills, a solid understanding of financial services, and a proactive approach to problem-solving. This position is not only about compliance but also about fostering a culture of ethical behavior and risk awareness within the organization.
Responsibilities
- Implement the parent company BHI's Sanctions, Export Controls and Anti-Money Laundering (AML) Policies requirements and minimum standards.
- Design and implement jurisdiction-specific controls relating to access requirements for sanctioned/restricted territories across all of Priceline's business verticals.
- Implement export controls processes to restrict unauthorized access to U.S. controlled technology.
- Collaborate with BHI's FCRM Operations to perform gap analysis to identify areas requiring enhancement in relation to counterparty Know Your Customer/Partner requirements.
- Implement and embed BHI's FCRM minimum standards into Priceline's business operations.
- Make decisions on suspensions/offboardings/onboardings following escalations from the BHI FCRM Operations team.
- Collaborate with the BHI FCRM team to support completion of Priceline FCRM Risk Assessments.
- Support the BHI FCRM team in developing an action plan to implement new controls to mitigate sanctions risk exposure identified in FCRM Risk Assessments.
- Maintain a central repository of all FCRM documentation and socialize these documents as required.
- Support immediate FCRM-related remediation activities where the need has been identified.
- Identify and build relationships with key stakeholders across Priceline to embed FCRM.
- Act as a single point of contact for all Priceline FCRM requests and escalations.
- Assess the current-state of Priceline's FCRM controls and define a roadmap to remediate any gaps.
- Answer data requests from BHI and sister brands relating to who Priceline does business with, where Priceline does business and transactional history.
- Provide reporting for Priceline's FCRM to BHI.
- Provide FCRM training to the Priceline business and other internal stakeholders as required.
- Advise the business and key stakeholders on various sanctions and FCRM regulations governing the business.
- Maintain an extensive understanding of Priceline's business model, products and local market requirements.
- Translate FCRM requirements and objectives into business requirements for each business vertical/product and project manage the operationalization of these requirements centrally in Priceline.
- Proactively identify existing and emerging FCRM risks and manage them in Priceline's different business verticals.
- Represent Priceline's specific requirements at the BHI level when requirements are being discussed and designed.
- Maintain a knowledge base of the specific FCRM regulatory requirements and rules affecting Priceline through ongoing local market horizon scanning.
Requirements
- Bachelor's degree in a relevant field.
- ACAMS Certification or equivalent is preferred.
- At least 5 years of experience in a FCRM related function.
- Good understanding of AML/KYC, transaction monitoring, sanctions screening practices.
- Good knowledge of U.S. Sanctions (OFAC), export controls (BIS/EAR) and anti-corruption (FCPA) regulations.
- Experience in writing policies, procedure documents, creating process flows, and risk assessments.
- Solid understanding of financial services or financial crime risks and controls.
- Excellent matrix/stakeholder management skills.
- Excellent communication skills.
- Willingness to learn and adapt to competing priorities; desire to operate in a dynamic and high-growth environment.
- Creative problem solver with sound business judgment.
- Entrepreneurial mindset.
- Proficient with Google Suite and Microsoft Office.
Benefits
- Competitive base salary ranging from $90,000 to $110,000.
- Potential eligibility for an annual bonus and/or equity grant.
- Hybrid work model allowing for flexibility in work location.
